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News Channel 3-12cites CNNApr 13, 2026Local News

Senate housing bill that takes aim at institutional investors may do little for homebuyers — and could even hurt renters

Senator Tim Scott backed the bipartisan Senate bill aimed at restricting institutional investors to improve housing affordability.

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An analysis of a Senate bill targeting institutional housing investors suggests the legislation may fail to aid homebuyers and could inadvertently lead to higher costs for renters.

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Tim ScottR-South Carolina
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